MARSH & McLennan agency ACQUIRES COMPASS FINANCIAL partners
Enhances retirement plan consulting expertise
White Plains, New York, January 5, 2021 – Marsh & McLennan Agency LLC (MMA), the middle market subsidiary of Marsh, today announced the acquisition of Compass Financial Partners, a Greensboro, North Carolina-based retirement consulting and investment advisory firm. Terms of the acquisition were not disclosed.
A nationally recognized leader in the sector, Compass Financial Partners provides institutional retirement plan consulting and fiduciary services to clients across the US; its combined plan assets exceed $14 billion. Additionally, the company provides private wealth management and financial planning services to select individuals and families.
Compass colleagues will continue to work under the leadership of founders and Managing Partners Kathleen Kelly and George Hoyle. Ms. Kelly also will join MMA’s National Retirement Strategy Team and lead the Retirement Services Practice for the Mid-Atlantic region.
Commenting on the acquisition, Bill Jeatran, President of MMA, said: “Compass is a highly respected firm, recognized for its commitment to providing extraordinary service and measurable results to clients. Its acquisition represents a significant enhancement of our capabilities as we seek to further integrate health, wealth, and retirement into our total wellbeing solution for clients. We are excited to welcome Compass’ colleagues to MMA, and we look forward to Kathleen’s leadership on our National Retirement Strategy Team.”
“The addition of Kathleen, George, and their colleagues will significantly expand our expertise in retirement services,” said John Stanchina, CEO of MMA’s Mid-Atlantic region. “Compass is another example of our continued ability to attract the highest quality teams to join MMA which strengthens our ability to serve clients.”
Ms. Kelly added: “Joining MMA allows us to broaden and enhance the resources we offer to both our clients and colleagues. Our team is eager to play a role in the ongoing growth of this dynamic national firm.”
About Marsh & McLennan Agency
Marsh & McLennan Agency LLC
is a subsidiary of Marsh established in 2008 to serve as a platform for the middle market. MMA offers commercial property, casualty, personal lines, and employee benefits to businesses and individuals across North America.
is the world’s leading insurance broker and risk advisor. With over 35,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a business of Marsh & McLennan Companies
(NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue approaching US$17 billion and 76,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh
, Guy Carpenter
, and Oliver Wyman
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About Compass Financial Partners, LLC
We love what we do. WE PAVE THE PATH TO THE FUTURE.
A nationally recognized firm*, Compass Financial Partners combines a talented, experienced team; scale and leverage with our partners; and unmatched passion for retirement plan consulting. From recordkeeper search and selection assistance and vendor fee benchmarking; to investment due diligence and employee communications, Compass Financial Partners’ process-driven suite of fiduciary services provides the resources necessary to help employers work towards successful retirement plan programs. Founded with a vision to offer high-quality consulting services independent of the service provider, Compass Financial Partners is headquartered in Greensboro, N.C. with offices in Raleigh, Charlotte and Winston-Salem. For more information, visit www.CompassFP.com.